Summary
This 8-K filing from Mondelez International (MDLZ) on July 7, 2017, primarily addresses the impact of a significant cyber-attack that occurred on July 5, 2017. The company issued a press release on July 6, 2017, to disclose the event and its ongoing effects on the business operations. Despite the disruption caused by the cyber-attack, Mondelez International took the opportunity to reaffirm its full-year organic revenue outlook for 2017. Investors should note that while the company is disclosing the cyber-attack, the filing itself is focused on the press release as an informational item under Regulation FD. The details of the cyber-attack's financial impact are expected to be in the furnished press release (Exhibit 99.1), which is incorporated by reference. The reaffirmation of the revenue outlook suggests management's confidence in the company's ability to navigate the challenges and meet its financial targets for the year.
Key Highlights
- 1Mondelēz International reported a significant cyber-attack impacting its business operations as of July 5, 2017.
- 2A press release dated July 6, 2017, was issued to disclose the cyber-attack and its effects.
- 3The company reaffirmed its full-year 2017 organic revenue outlook despite the cyber-attack.
- 4This filing is primarily a Regulation FD disclosure, referencing an attached press release for details.
- 5Exhibit 99.1 contains the full press release regarding the cyber-attack and business outlook.
- 6The information furnished is not considered 'filed' for purposes of Section 18 of the Exchange Act, limiting liability.